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Search Results 0 to 14 of about 15 (some duplicates have been removed)
provisions that only benefit a favored few. to bailoutncreases washington from its debt and deficit problems. if we are going to close a loophole, the american people should get the benefit of a lower rate instead of just handing them money over to washington so he can spend more. we close a lot of loopholes, we got a lot of the junk out of the code. our plan reveals 228 sections of the tax code. we cut the size of the income tax code by roughly 25%. tax reform needs to be about strengthening the economy, making the codes blur and fairer. today we had the opportunity to make the first step forward. this is the kind of tax code the american people need and deserve. before he opened us up to questions, i want to draw your attention to a list of the major provisions in the press release. when you are talking about the entire tax code, there is a lot to go over. i want to highlight a few items on the list in addition to lowering rates, this includes simpler improved taxation of investment income. we tax long-term capital gains and dividends as normal income but exempt 40% of such income six tax,
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
with good wages. at a time where deficit has been cut in half, it allows us to meet our obligations to future generations without leaving them a mountain of debt. >> republicans including john boehner called his budget the most irresponsible yet. they believe this is a campaign move that includes a whole host of issues that democrats like to campaign on on this midterm election year. this budget and the eyes of republicans and some democrats -- they are going to make some big changes. with the president has put the paper will change pretty quickly. >> thank you very much, peter cook. let's move on to media. the big story today was the entertainment network epix is joining the time warner cable family. it will be launched nationally on march 18. joining us to talk about this deal is the president and chief executive of epix, mark greenberg. also with us is jon erlichman. start usonder if you off by explaining what exactly this agreement means. has over 12er cable a half-million homes that they have access to. epix is a premium service similar to hbo or showtime or we have uncut, uned
the deficit. most important of all, it is about energy independence for our country. it is about working with canada and producing energy in this country so that we get our energy here locally rather than having to get it from the middle east. that is what americans want. they want us to be energy secure in this country. to do that, we need to produce more energy like we are doing in my state of north dakota and montana across the border. movepipeline would mode -- that loyal as well as canadian oil. it is about producing oil here, or getting it from our closest friend and neighbor, canada, rather than being dependent on the middle east. classification you to have to wait on a pipeline, how safe israel transportation of these products versus pipeline transportation? is it.that we are becoming more energy secure. it is great. it is jobs and what people want. to go with that energy, we need infrastructure. that infrastructure includes pipelines as well as moving products safely by train or truck. the keystone xl will take 500 trucks a day off rose in western north dakota. it is a safety is
, the deficits are going on and they are ridiculous. cut the military budgets, they do not have the money for different things. i live in baltimore city. years lived here over 33 and our mayor is such a manipulator. this is how bad it is. mayoryears ago, our manipulator that she is, she is good at selling stuff. million dollars in federal funds for infrastructure and used them to pave the roads in the downtown district, which were not in bad shape, so they could meet the requirements to have a race on labor day. what it really was, the organizers of open wheel racing -- it failed for three years. the second year she told these whopping lies about the revenue. host: julian, greensboro, north carolina. caller: it is your responsible to invest in infrastructure as the government. if you look back in the industrial revolution, the technological advances in transportation would have been impossible without the investment of private investors. the government has not been one to advance the technology. it is up to private investors to put that money out. if you look at your report card, 3.6 tril
loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first crisis he has to deal with
budget deficits, and the economy tanked. the problem with barack obama is not that he changed bush's policies but rather that he did not change them. he took the worst of them and doubled down. he's added $6. trillion to the national debt. meaning that i had -- meaning that today's young people will have to pay back $56,000 plus interest per household to their future taxes for nothing more than to pay for this administration's overspending. he seized 1/6 of the american economy that provides our health care and well on the way to wrecking it for millions of american families, costing them their health plans, their doctors, their savings, and their security. his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all
of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the initiatives private sector efforts. >> everything we do is grounded in the perspectives and voices of older adults. the first thing that they have to realize is we don't stand in the shoes of the people that were addressing and that we need first and foremost to understand the city through their perspective. >> sreenivasan: the program is now up and running in all five boroughs, including manhattan, where we met up with ed and sarah aarons. they cant imagine living anywhere but here. >> and i can't conceive of having the facilities and conveniences and the excitement as other places. >> the only two places he would like to live
-authorization that passed congress with bipartisan support , and reduces the annual budget deficits by $16. billion over 10 years. industry professionals across my home state of pennsylvania and nationally, including farmers, foresters, conservationists, researchers, and policy advocates have praised the law as an historic improvement. the federal agriculture policy that will improve land management, support key areas of economic activity, and bolster important investments in education and applied research. susan benedict, an american tree pharmacist thames certified forest owner from state college, pennsylvania, stated, and i quote, as a pennsylvania tree farmer i can happily say this farm bill was well worth the wait. with the promotion of new market opportunities and the biobased markets program and green building markets, improved access to critical conservation programs, an increased regulatory certainty when protecting water quality of my forestings rose, this farm bill is truly the best farm bill yet forests. i applaud the conference committee members for championing strong forestry provisions such
debt, not vets. with $17 trillion in debt and massive annual deficits, our country faces a fiscal crisis of unparalleled scope. now is not the time in any federal department to spend money we don't have. to be sure, there's much to like in the sashed sanders bill and e components were presented as separate, smaller as part of a carefully considered long-term strategy to reform the v.a., hold leadership accountable and improve service to veterans, we'd have no problem expending enthusiastic support. as with many bloated legislative projects in today's washington, the overreaching and overpromising in this bill will only lead to disappointment and recriminations as the high cost and unanticipated consequences are revealed. that will be followed by demands for an entirely new round of comprehensive reforms and the cycle will begin anew. congress should go back to the drawing board, assume a more modest approach and take up these proposals on an individual basis. that's the better path to achieving enduring and effective reform and accountability for the services we provide to our vet
debt and deficit problems. if we are going to close a loophole, the american people should get the benefit of a lower rate instead of just handing them money over to washington so he can spend more. we close a lot of loopholes, we got a lot of the junk out of the code. our plan reveals 228 sections of the tax code. we cut the size of the income tax code by roughly 25%. tax reform needs to be about strengthening the economy, making the codes blur and fairer. today we had the opportunity to make the first step forward. this is the kind of tax code the american people need and deserve. before he opened us up to questions, i want to draw your attention to a list of the major provisions in the press release. when you are talking about the entire tax code, there is a lot to go over. i want to highlight a few items on the list in addition to lowering rates, this includes simpler improved taxation of investment income. we tax long-term capital gains and dividends as normal income but exempt 40% of such income six tax, resulting in a percentage point decrease from the maximum rate indiv
amendment, legislation i support that will not add to the deficit. i amal cosponsor of this legislation, which provides -- i am a cosponsor of this legislation, which provides advanced appropriations for v.a. mandatory accounts, improves services and benefits for victims of military sexual trauma, enhances benefits for survivors and dependents of deceased or disabled veterans, encourages the hiring of veterans, and unlike the sanders' bill is fully paid for. as for the iran sanctions language in the burr amendment, as i noted yesterday, there is significant disagreement between the president and many members from both parties in both the house and the senate concerning the best way to prevent iran from acquiring a nuclear weapon. the iranian regime has carried out its best attempt at a charm offensive to forestall not only the implementation but the legislative consideration of even tougher sanctions, should the regime fail to fulfill its commitments, according to november's interim agreement. the interim agreement included a joint plan of action, agreed to by iran. according to that jo
powerlines in africa. financial prudence dictates we reduce our deficits by not spending the money at all. if we must spend it and must choose between africa or america, mr. speaker, i choose spending it in america. america spends more than $40 billion a year on foreign aid, money we do not have, borrow to get and cannot afford to pay back. mr. speaker, if financial irresponsibility and economic insanity have a home, rest assured they live in washington, d.c. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from massachusetts seek recognition? >> unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from massachusetts is recognized for one minute. >> mr. speaker, two months ago emergency unemployment benefits expired for over one million americans, including 20,000 veterans and yet this house has not taken up legislation to provide these workers and families with necessary relief. mr. tierney: i rise to ask immediate action on the unemployment compensation act which pr
to address the debt and deficit. his vice president told democrats at their retreat that they have no interest and won't push for trade promotional authority. and the president has said his focus will be going around congress instead of working with it. so we have two options. we can follow the president's lead and pack it in for the year, just wait for the election, or we can pursue our own vision and continue to present alternatives to the mess that the president has brought us over the last five years. and that's exactly what we will do. we'll lead and our members will not shy away from advancing better solutions for the american people. it's why our ways and means chairman has commenced a discussion about how to reform our broken tax system. that's why our leaders have outlined a vision for how we would tackle immigration reform. that's why chairman ryan will write a balanced budget that helps save our entitlement programs. and it's why our members will offer an alternative when it comes to obamacare. we'll offer better solutions on jobs, job training, education, and a host of
Search Results 0 to 14 of about 15 (some duplicates have been removed)